The requested news item does not exist. Please return to News
Media firm continues to occupy entire fourth floor at Class A, 1.2 MSF commercial office building
NEW YORK, June 26, 2013 — Jones Lang LaSalle has completed a new, direct lease for New York Media LLC at One Hudson Square with Trinity Real Estate. The media firm signed a 10-year lease for 80,508 square feet of commercial office space at the Class A, 1.2 million-square-foot office tower.
The tenant, New York Media, was represented by Robert Martin, vice chairman; John Wheeler, managing director; Michael Berg, senior vice president; and Brad Lane, vice president, with JLL. The building owner, Trinity Real Estate, was represented in-house by Tom Lynch and Peter Fontanetta, assistant vice presidents, and Charles Laginestra, leasing agent.
“After having considered alternative locations Downtown and in Midtown South, New York Media preferred to remain at One Hudson Square,” said Martin. “The Hudson Square area continues to attract many of Manhattan’s premier space users. Media companies and other major corporations value the neighborhood for its distinctive character and quality office space opportunities.”
New York Media, which publishes New York magazine as well as the digital properties nymag.com, Vulture, The Cut and Grub Street, will continue to occupy the entire fourth floor at One Hudson Square, which is located at 75 Varick Street between Watts and Canal streets. The media company previously occupied its space through a sublease from Getty Images.
JLL is a leader in the New York tri-state commercial real estate market, with more than 1,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2012, the New York tri-state team completed approximately 23.8 million square feet in lease transactions, arranged capital markets transactions valued at $1.57 billion, managed projects valued at nearly $7.0 billion, and oversaw a property and facilities management portfolio of 102.1 million square feet and an agency leasing portfolio of 76.0 million square feet.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.
George Shea, Mark Faris - Shea Communications